The global mineral fortification market is predicted to develop at a CAGR of 7.1 percent and be worth roughly US$ 69.4 Bn by 2032, according to Future Market Insights (FMI).
Mineral fortification is the process of enhancing the nutritional content of frequently consumed foods by adding minerals. It’s a tried-and-true method for enhancing diets and preventing and treating micronutrient deficiencies that is both secure and economical.
The increased consumption of meals with added minerals has led to a major increase in the global mineral fortification market. The market for mineral fortification will be primarily driven by rising health concerns and an increase in illness rates over the projected period. According to FMI, the market expanded at a CAGR of 6.7 percent between 2017 and 2021.
Food fortification projects have developed as a response to the increased incidence of nutritional deficiencies, particularly in developing nations. Iodine fortification has been shown to reduce the incidence of goiter by almost 90% according to statistical studies.
Fortification with minerals is a practical and economically advantageous method for enhancing population nutrition. Reviews like the Copenhagen Consensus consistently rank micronutrients as the most cost-effective development intervention, with enormous benefits for a small investment.
Key Market Study Conclusions
- Throughout the forecast period, calcium mineral fortification is expected to account for about 28.9% of the market share.
- The market for mineral fortification in North America is anticipated to expand at a 6.8 percent CAGR over the forecast period.
- Through 2032, 19.3% of the world’s mineral fortification consumption is expected to come from East Asia.
- Throughout the forecast period, the food category is expected to hold around 39.8% of the market share based on end-use.
To increase sales, major manufacturers are using tactics like product branding and positioning. They are benefiting from consumers’ rising preference for wholesome and basic food items. According to predictions, this will give the mineral fortification market lucrative growth prospects. says a Future Market Insights analyst.
The Archer Daniels Midland Company, BASF SE, Cargill, Merck & Co. Inc., DuPont de Nemours Inc., DSM Nutritional Products, ABBOTT LABORATORIES, General Mills, Albion Minerals, The Proctor and Gamble Company, Specialty Minerals Inc., Heinz, Kellogg’s, Pestell Nutrition Inc, Wright Group, and Fortitech Inc. are a few of the top companies operating in the global
Discover More Helpful Information
With historical data (2017–2021) and projection statistics for the forecast period of 2022–2032, Future Market Insights’ latest research provides an unbiased analysis of the global Mineral Fortification market.